Support, Resistance and Market Gaps Quiz

What best describes a support level in technical analysis?

What is a breakaway gap typically indicative of in market trading?

In the context of ‘role reversal’ in technical analysis, what happens when a resistance level is broken?

Psychological levels in trading refer to price levels set by financial regulators.

An exhaustion gap is a signal for the continuation of an existing trend.

Match the types of gaps with their descriptions.

Connect the trading concepts with their meanings.

Arrange these market phenomena based on their typical occurrence in a trend lifecycle: Breakaway Gap, Exhaustion Gap, Runaway Gap.

Rank these levels based on their potential to act as turning points in price action, from strongest to weakest: Psychological Levels, Support Levels, Resistance Levels.

Reflect on how the understanding of support, resistance, and market gaps can influence your trading decisions and strategies.